IMC-2019 Learning Session 41:32 minutes

Ahmed Abdel-Zaher Khalifa, SIDPEC

Performance indicators are one of the most important asset management sections in Uptime Elements. Having representative key performance indicators (KPIs) is important in gaining needed control to assure fulfillment of achievement for organizations and stakeholders’ goals and needed values. But they are only useful if we succeed to identify the right ones for our business and processes. They will only deliver critical information and targeted outcomes if we built them by strategic, meaningful, simple top-down approach. KPI sources and databases are full of numerous ones but building your own set is the challenge.

At Sidi-Kerir Petrochemicals Company (SIDPEC), we succeeded in this challenge. We knew that we should always start with strategy. Without a firm stake in the ground around what our business is seeking to achieve, it’s incredibly easy to end up with a frighteningly dispersing long list of possible indicators that we feel we could or should measure. In this presentation, a real winning case study will be presented for how we succeeded in strategic building of our own asset management related KPIs.

When we were asked from our company's CEO to develop a new representative set of KPIs, we got back to basics and searched for why this was requested and what we wanted them to tell us. We relied on our understanding for our functions, key result areas, related values, needed outcomes and leading processes to generate a successful set of strategically built and real working KPIs. We had the advantage of fully understanding their role in assuring value attainment and strategic goals achievement so that we can easily measure, interpret, communicate and use them to realign implantation and attain needed results. 

Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW

Predictive Maintenance: ROI And How To Build The Business Case

In this ReliabilityTalk Coffee Break, Terrence O’Hanlon and Sean Gregerson from Aveva will discuss the roadblocks for building the business case for predictive maintenance. To assess the right ROI, it is key to understand what impact predictive maintenance could have for your business and how to set priorities accordingly and involve the stakeholders necessary for success.

Do you know which assets are critical to your business success and what data is needed to monitor assets or process anomalies? Learn what factors determine a successful pilot and what is needed to scale rapidly for a quick ROI.

Outage Management Using Projects: Implementation and Lessons Learned

Outage Management Using Projects: Implementation and Lessons Learned

Power plants manage outages multiple times a year. We will review the challenges we faced with the out of the box solution and the reports, custom fields, and new applications we created to manage the outage projects more efficiently and effectively.

Electrical Equipment: When Good Times Go Bad

Electrical Equipment: When Good Times Go Bad

It is easy to understand that we should properly maintain electrical equipment, but what is the potential risk associated with inadequate electrical equipment maintenance?

Digital Built America: Interview with Michael Salvato and Kariona Lord-Levins

Digital Built America: Interview with Michael Salvato and Kariona Lord-Levins

A conversation with Michael Salvato and Kariona Lord-Levins discussing the now and future of digital built America.